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Retail investors continued to put money into U.S. high-yield mutual funds over the last week, suggesting that not all investors have begun to retreat from risk in the face of a U.S. government default or downgrade. Continuing interest in the high-yield asset class may also explain why companies such as hospital operator HCA Inc. have been able to come to successfully sell large bond offerings.

HCA, the hospital operator that went public in a $3.8 billion IPO in March, is using a revolving credit line to finance its $1.45 billion purchase of hospitals from the Colorado Health Foundation. Using the revolver instead of long-term debt or cash is a bit of a throwback to the way deals used to be financed, and adds to some sense that the revolver is coming back in style.